Virtual currencies are not all created equal. Ethereum was designed specifically to enable the creation of decentralized applications and smart contracts. Even though comparing the value of Bitcoin with that of other coins can be fascinating, it's important to keep in mind that they are not necessarily direct competitors-and that success for one does not imply failure for another.

Comparing cryptocurrencies can be necessary, especially for investors, traders, and developers. Each cryptocurrency has unique features, use cases, and underlying technologies. For investors, comparing factors like market capitalization, transaction speed, security, and community support helps in making informed decisions. For example, Bitcoin is often seen as digital gold, while Ethereum offers a platform for decentralized applications.

Traders compare cryptocurrencies to capitalize on price fluctuations and arbitrage opportunities. Developers might compare them to choose the best blockchain for their projects. However, casual users or those only interested in mainstream cryptocurrencies may not need to delve deeply into comparisons. Ultimately, whether or not comparison is necessary depends on one's goals and involvement in the cryptocurrency space.